debt
confidence high
sentiment neutral
materiality 0.60
Digital Brands Group enters three financings totaling ~$582K in gross proceeds
Digital Brands Group, Inc.
- Issued $121,900 promissory note to 1800 Diagonal lending; net proceeds $106,000 after $15,900 OID.
- Second promissory note with Joshua Bartch: $260,000 principal, $200,000 net proceeds after $60,000 OID, maturing April 22, 2025.
- Entered vendor agreement with MavDB Consulting; pays $3M fee via pre-funded warrants for 2,068,965 shares at $0.01 exercise price.
- Proceeds from notes used for general working capital; first monthly payment on $121,900 note due Feb 16, 2025.